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A worker checks on a rig at a Williams Cos. facility. (Credit: AP)

Legal Saga Over $38B ETE, Williams Deal Heats Up

The legal saga over Energy Transfer Equity LP’s and The Williams Cos. Inc.’s troubled $37.7 billion merger reached the boiling point Friday, with ETE revealing a counterclaim in Delaware state court that contends Williams is actually the one delaying the deal and argues it should be allowed to abandon merger. Here, a Law360 interactive graphic recaps the many twists since Williams spurned ETE’s advances last summer.

  • 5th Circ. Revives Enviros' $641M Exxon Pollution Suit

    Exxon Mobil Corp. will have to face a $641 million suit brought by environmentalists over emissions at its Baytown, Texas, refinery, the Fifth Circuit said Friday in an opinion that panned portions of the trial court’s ruling in Exxon's favor as “irreconcilably inconsistent.”

  • Atlantic City Bailout Bills Win NJ Gov.'s Approval

    New Jersey Gov. Chris Christie on Friday signed legislation that would help Atlantic City recover from a crippling financial spate of poor gambling revenue and successful tax appeals, ending fears that a legislative stalemate would drive the city into insolvency.

  • Google Wins Patent Trial Over Earth Mapping Tech

    A Delaware jury determined Friday that the technology used by Google Earth to display refined images of the planet does not infringe the patent of a German tech company and found the patent to be invalid over prior art.

  • Renco Bondholder Suit Aims To Thwart $211M Judgment

    Business magnate Ira Rennert's Renco Group Inc. filed a lawsuit Friday in New York that seeks to thwart bondholders’ ability to collect on a $211 million judgment over allegations that Rennert and his investment holding firm helped drive the company’s magnesium production unit MagCorp into bankruptcy.

  • New Tribal Constitution Moots Election Suit, 9th Circ. Says

    The Ninth Circuit on Friday tossed a suit by former leaders of California's Timbisha Shoshone Tribe that challenged the U.S. Department of the Interior's decision to recognize a new tribal council, ruling that the tribe’s recent adoption of a new constitution with revised membership requirements mooted the appeal.

  • Dewey's DiCarmine Taps Seward & Kissel, Drops Pro Se Plans

    Former Dewey & LeBoeuf LLP executive director Stephen DiCarmine on Friday dropped his longtime counsel at Bryan Cave LLP in favor of Seward & Kissel LLP, for a coming retrial over a purported scheme to con the law firm’s financial backers out of tens of millions of dollars before it collapsed in 2012.